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EasyJet passengers up 13.8% in May, sticks to guidance

SarahTurner

LONDON (MarketWatch) -- Budget airline easyJet
EZJ, -0.94%
said Thursday that it carried 3.3 million passengers in May, up 13.8% from the same point last year. Strong load factors, which were broadly in line with last year, were supported by targeted promotional activity and low lead-in fares, the company said. It's expecting to see increased momentum in cost reductions in the second half of the year, with unit costs, excluding fuel, expected to fall by more than 5% year-on-year. EasyJet also said it is sticking to its fiscal year guidance for a 40% to 50% rise in pretax profit, compared to a year ago.

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